Australia’s power pricing and supply calamity is the product of policies deliberately designed to wreck reliable and affordable power supplies. Massive and seemingly endless subsidies to chaotically intermittent wind and solar have done what they were designed to do: drive the owners of reliable coal-fired power generators to the wall, by allowing wind and solar generators to occasionally deliver power to the market ahead of the cheap and reliable stuff.
The relationship between weather-dependent wind/sunshine dependent solar and rocketing power prices is crystal clear; see above the trend identified by Dr Michael Crawford a couple of years back, a trend which continues mercilessly upwards (read on).
Thanks to the erratic and occasional delivery of wind and solar, wholesale power prices are surging out of control and major energy users are simply being chopped from the grid when wind and/or solar output hits the floor. And this is just…
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